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Document Registration
A PROPERTY NEEDS TO BE REGISTERED FOR THE PURPOSE OF SALE, TRANSFER, GIFT OR LEASE IN ACCORDANCE WITH REGISTRATION ACT, 1908. AS PER SECTION 17 OF THE REGISTRATION ACT, 1908, ALL TRANSACTIONS THAT INVOLVE THE SALE OF AN IMMOVABLE PROPERTY FOR A VALUE EXCEEDING RS 100, SHOULD BE REGISTERED.IF SOMEONE DOESN’T REGISTER A PROPERTY WHILE DOING ABOVE MENTIONED TRANSACTIONS THEN THE TRANSACTION CANNOT BE PROVED IN THE COURT OF LAW.E-REGISTRATION OF PROPERTY HAS BEEN MADE SIMPLE WITH LEGALDOCS.
DISTRICT REGISTRATION OFFICE IN TAMIL NADU- 29
SUB REGISTRATION OFFICE IN TAMIL NADU- 575
WE ARE DEALING WITH ALL TYPE OF DOCUMENT IN ANY WHERE TAMIL NADU. ALL THESE WORKS ARE DONE WITH UTMOST CARE BY OUR TEAM. WHILE PREPARING THE DOCUMENT, PREVIOUS YEAR RECORDS OF PATTA , ENCUMBRANCE CERTIFICATE WILL BE VERIFIED.
AFTER PREPARING THE DOCUMENT, A DRAFT OF THE DOCUMENT WILL BE EMAILED TO THE CLIENT.AFTER GETTING APPROVAL FROM THE CLIENT, AN APPOINTMENT IN SUB-REGISTRAR OFFICE WILL BE MADE THROUGH ONLINE. IF REQUESTED BY THE CLIENT WE WILL ASSIST THE CLIENTS IN SUB-REGISTRAR OFFICE.
STEPS TO TAKE BEFORE REGISTERING A PROPERTY
Encumbrances
An encumbrance is a thing which creates difficulty in transfer of property registration details from one owner to other for example outstanding mortgages, liens on real estate,unpaid property taxes etc. A buyer must check for any encumbrances on the property before buying and should get the property cleared from any encumbrances.This can be checked at the sub registrar’s office within whose jurisdiction the property comes.
Chain of Documents
Any buyer should check for all the chain of documents before buying a property.Chain of documents are the documents which specify when and how the property has been transferred from one owner to other.
Payment of Dues
Any property should be free from any dues like property taxes, electricity bills, water bills etc. It is the responsibility of the buyer to check this before registering the property.
Preparation of Deed
A draft of the deed(Sale Deed, Lease Deed, Gift Deed etc.) that needs to be executed must be prepared on which the details of all the parties involved and the property involved along with terms and conditions must be mentioned clearly before registering the deed.
Stamp duty calculation
Stamp duty is the fees charged by the government and it varies from state to state. Stamp duty is calculated on the basis of market value of the property involved. After completing above mentioned steps execution of the deed takes place at the sub registrar’s office under whose jurisdiction the property comes by signing or thumb impressions of the parties involved on the deed.
Agreement to sell
It is the first document prepared in anticipation of a sale of the property. It contains a detailed description of the property and states the terms of conditions between the buyer and the seller, including the purchase price as agreed upon.
Absolute sale deed and title deed
The sale deed or title deed is the most important document that records the actual transfer of ownership of the property. It needs to be registered at the sub registrar’s office under whose jurisdiction the property would fall.
Title search and report
Property title search is a process of retrieving the chain of documents relating to the history of the property that has been registered with the concerned authority. It includes a description of the property and names of title holders, joint tenancy, etc. It is especially important for procuring a home loan.
Patta/Khata Certificate
This document is known by different names in different states and it provides proof that the property has an entry in the local municipal records.
Receipt of property tax
The receipts of property tax hold that the previous owner or occupier had paid all the taxes and none have been left as due. They also establish the legal status of the property and therefore serve as an important document of evidence.